> Is it so difficult to believe that a state couldn't also figure out how to build a money printer?
Yes. There's a reason US dollars are accepted worldwide Zimbabwean dollars aren't.
Yes. There's a reason US dollars are accepted worldwide Zimbabwean dollars aren't.
Once states secede, they lose all the clout that comes from being part of the world's only superpower controlling the world's reserve currency. Southern states would be better off switching to Pesos than printing their own.
Russia, which has a similar GDP, didn't have any appreciable external debts denoted in rubles. They were denoted in dollars, pounds sterling or other hard currencies.